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Jan 25, 2013
01/13
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if they wanted to bring it back, they have to pay an additional 20% tax right now. unless the tax laws are changed through repatriation, i think that cash is just going to sit there offshore. >> or do another skype deal where they use that cash? >> you could use it, particularly for offshore acquisitions. but for the most part i think it's not able to benefit shareholders. it's just sitting there offshore in mostly government bonds offshore. they could bring it back. i think what would be most likely would be a much more aggressive share repurchase. they won't do a one-time dividend like they did years ago. >> your sneaky long is up 1.5%, rick. thanks for stopping by. >> thank you. >> rick sherlund. >>> what do family ties and initial public offering have in common? we'll find out when the ceo of bright horizons joins us next. say farewell to secretary geithner. we'll talk about his legacy and the challenges for his successor, jack lew. ♪ [ male announcer ] don't just reject convention. drown it out. introducing the all-new 2013 lexus ls f sport. an entirely new p
if they wanted to bring it back, they have to pay an additional 20% tax right now. unless the tax laws are changed through repatriation, i think that cash is just going to sit there offshore. >> or do another skype deal where they use that cash? >> you could use it, particularly for offshore acquisitions. but for the most part i think it's not able to benefit shareholders. it's just sitting there offshore in mostly government bonds offshore. they could bring it back. i think what...
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Oct 7, 2013
10/13
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is ending an investigation into tax and cash practices without taking action. shares of qualcomm are slipping. bank of america, merrill. downgrading chipmaker to neutral, expects revenues and earnings per share pressured by slowing smartphone sales growth. >> and we're entering day seven of the government shutdown. stocks are taking notice. slipping this morning as congress remains completely divided over the government shutdown and debt limit. try to figure out what happens next and what it means for investments. >>> big changes are coming to microsoft as ceo steve ballmer gets ready to step down. an executive on the short list to replace ballmer in a few minutes. >>> high frequency trading a problem for the markets? the commissioner thinks so and he wants to do something about it. we'll talk about that with s.e.c. commissioner dan gallagher coming up. >> we start in washington which is clearly still the focus of world markets. it's day seven of the government shutdown and both parties are still hopelessly gridlocked, making any kind of resolution seem further
is ending an investigation into tax and cash practices without taking action. shares of qualcomm are slipping. bank of america, merrill. downgrading chipmaker to neutral, expects revenues and earnings per share pressured by slowing smartphone sales growth. >> and we're entering day seven of the government shutdown. stocks are taking notice. slipping this morning as congress remains completely divided over the government shutdown and debt limit. try to figure out what happens next and what...
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Jan 22, 2013
01/13
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federal income tax rate, new rate 39.6%. california income tax, proposition 30, just raised it to 13.3%. that gets you to 52.9% with those two numbers alone. medicare/medica medicare/medicaid, another 2%. health care, 9%. self-employment taxes, 15.3%, but only on income over $113,000. so it's really 2.9% for him there. local taxes where he wins his tournaments, maybe another 1% to be con receiver tiff. what does all that add up to? basically it's around 59% to 60%. and that is without any basic planning. even if phil used turbo tax, he could get that number way down. let's take a look. if he deducted his california state taxes from federal, that's pretty standard. he reduces it. he could deduct his golf expenses. those i guess would be substantial. basic retirement planning, 401(k), i.r.a., probably does that. if he earns any income from investments, those, of course, are taxed at 20% to 20.8%. if he has a mortgage, if he deducts his child care expenses, et cetera. so very basic tax planning, where does that get us? well, it
federal income tax rate, new rate 39.6%. california income tax, proposition 30, just raised it to 13.3%. that gets you to 52.9% with those two numbers alone. medicare/medica medicare/medicaid, another 2%. health care, 9%. self-employment taxes, 15.3%, but only on income over $113,000. so it's really 2.9% for him there. local taxes where he wins his tournaments, maybe another 1% to be con receiver tiff. what does all that add up to? basically it's around 59% to 60%. and that is without any basic...
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May 16, 2013
05/13
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but the tax refund issue has not affected the higher end. which is why we have the weird restoration. >> i would would seem to result in a lot more governing and accountability. >> it makes you feel like what were the other guys doing? these are heavyweights that have come in. i think the assets are in a great deal. i think we were misunderstood. i think we caused a lot of that. we didn't manage the process of being public as well as we could have or should have. we're now intensely focused on the day-to-day business of running a great business and we'll be less -- over time. >> we are very active in the committee. in june we'll formally start our search. and we're going to be very deliberate. >> good morning. we're live here at post 9 at the new york stock exchange. let's start by getting a check on the markets. the dow, the s&p, the nasdaq. the only positive is the nasdaq. wow, it almost makes 5,000 seem not far away. shares of coals are rising. revenue did fall short. the stock is up almost 5%. cisco is up more than that. and it suggests
but the tax refund issue has not affected the higher end. which is why we have the weird restoration. >> i would would seem to result in a lot more governing and accountability. >> it makes you feel like what were the other guys doing? these are heavyweights that have come in. i think the assets are in a great deal. i think we were misunderstood. i think we caused a lot of that. we didn't manage the process of being public as well as we could have or should have. we're now intensely...
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Nov 12, 2013
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remember we thought having to charge tax would be difference. no difference. >> to a large degree prime was stealing a playbook from costco. >> my friends in prime just love it. international paper is a winner of this. but there's other issues about capacity coming along but the ceo, this stuff comes in a corrugated box. that's ip. >> when we come back, we get cramer's "mad dash." a little bit later on, live interview with s.e.c. chair mary jo white from the conference in new york city. fascinating look at the challenges as she comes into that job. >> she did hire me. she offered me a job a long time ago, private sector. i loved her. >> there's a look at futures and a lot more "squawk on the street" is back in a moment. [ bagpipes and drums playing over ] [ music transitions to rock ] make it happen with the all-new fidelity active trader pro. it's one more innovative reason serious investors are choosing fidelity. get 200 free trades when you open an account. wow...look at you. i've always tried to give it my best shot. these days i'm living wi
remember we thought having to charge tax would be difference. no difference. >> to a large degree prime was stealing a playbook from costco. >> my friends in prime just love it. international paper is a winner of this. but there's other issues about capacity coming along but the ceo, this stuff comes in a corrugated box. that's ip. >> when we come back, we get cramer's "mad dash." a little bit later on, live interview with s.e.c. chair mary jo white from the...
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Nov 22, 2013
11/13
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can you view the affordable care act as a health tax. they're saying if you're healthy and you don't have insurance today, you nonetheless need to pay it. >> reporter: the concern is the younger people signing up for the exchanges, which doesn't appear to be the case. >> absolutely. human behavior is people won't like paying for something they don't need. from a perspective of the healthy americans who don't need insurance today, i don't think that their public perception of the affordable care act will be great a year or two years from now, other than the idea that the wealthy think they should increase taxes on the top bracket. but otherwise it will be seen as a matter of public value. now that we've crossed the transom where we say we're going to offer insurance to all americans, that trend toward universal coverage seems inevitable. the details will change and not everyone will like the way we get there but at least 30 million to 60 million americans over the next five years will eventually find their way into insurance and people wi
can you view the affordable care act as a health tax. they're saying if you're healthy and you don't have insurance today, you nonetheless need to pay it. >> reporter: the concern is the younger people signing up for the exchanges, which doesn't appear to be the case. >> absolutely. human behavior is people won't like paying for something they don't need. from a perspective of the healthy americans who don't need insurance today, i don't think that their public perception of the...
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Apr 10, 2013
04/13
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you also have some other tax increases on tobacco, limiting tax benefits for iras. and hedge fund managers to pay for lower middle class workers. things like universal, preschool and other benefits. the questions are do we then get talks on a so-called grand bargain? some want to have this discussion. we'll see where it goes. simon, back to you. sfwl thank you very much. john har wwood with the latest there. during the course of the next hour of "squawk on the street," we're going to mix it up and take a slightly different format than we usually do. we're going to talk about the budget. we're also going to talk about the revival of detroit. could it be a blueprint for other cities around america? and we have fresh fact faces to take us through. also with us, mike santoli you will know from yahoo! a colu columnist there. the next hour we're calling "squawk on the street" overdrive. ♪ >> the third hour of "squawk on the street." thank you all for joining us. you've just seen the president there unveil his budget for 2014. mike, he said it was a blue prohibit for the
you also have some other tax increases on tobacco, limiting tax benefits for iras. and hedge fund managers to pay for lower middle class workers. things like universal, preschool and other benefits. the questions are do we then get talks on a so-called grand bargain? some want to have this discussion. we'll see where it goes. simon, back to you. sfwl thank you very much. john har wwood with the latest there. during the course of the next hour of "squawk on the street," we're going to...
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Dec 26, 2013
12/13
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>> one is a 39.6% tax bracket. the other is 3.8% on net investment income on dividends and capital gains and also i was very surprised because most people don't like the alternative minimum tax, amt. you really want to be in it this year because you're paying a less rate. if you're at 39.6%, you're better off paying 28%. the difference, though, is when you're in alternative minimum tax, you don't get all your deductions like state tax deductions when you're past that threshold. you maximize your state tax deduction so you're in the 28% bracket, thereby reducing your overall rate. >> sounds so straight forward. >> so how do you make this better and less painful? >> first of all, you have to plan for a two-year period. you want to understand where you're going to be for 2013 and 2014. then when you look at the years, you want to see are you coming up any of the thresholds? if you are, you my want to accelerate income into the current year or to the subsequent year. >> is there sufficient withholding tax on those high
>> one is a 39.6% tax bracket. the other is 3.8% on net investment income on dividends and capital gains and also i was very surprised because most people don't like the alternative minimum tax, amt. you really want to be in it this year because you're paying a less rate. if you're at 39.6%, you're better off paying 28%. the difference, though, is when you're in alternative minimum tax, you don't get all your deductions like state tax deductions when you're past that threshold. you...
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Mar 25, 2013
03/13
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or nobody collects the tax. i'm not for taxes at all on these kinds of goods but i think it's got to be fair for everybody because it hurts local businesses if internet companies can do it without tax. but for us, our agenda is we don't think students should be paying tax on any educational material. they're already overburn denned with expenses and in debt. we shouldn't tax learning material. we hope that somehow gets event. >> any feeling as to how many states will jump on board now that they've been given this all clearab by the senate? >> the state of california has a bill in front of it now. it's interesting because it's only for buying which is opposed to what we do which is renting. they're trying to make a loophole which says if you rent you still have to collect taxes. for us, we're going to keep making the point that students are over burdened already. it's a an unfair tax and we want them to be able to get the material without the tax. >> just overall, business sense, we got sort of a reprieve from wa
or nobody collects the tax. i'm not for taxes at all on these kinds of goods but i think it's got to be fair for everybody because it hurts local businesses if internet companies can do it without tax. but for us, our agenda is we don't think students should be paying tax on any educational material. they're already overburn denned with expenses and in debt. we shouldn't tax learning material. we hope that somehow gets event. >> any feeling as to how many states will jump on board now...
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Jan 17, 2013
01/13
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whatever that tax rate works. it can cover their expense, buy books, scene their kids to school, put food on the table. it doesn't matter where the tax was a generation ago or three years ago because we assimilate, we're a productive capitalist society that assimilates. it on lie matters where you are. love steve liesman's presentation. it's about government spending. what i find fascinating, what we have here is on one side debt. on the other side we have stimulus but not really. okay. boy the board is even getting excited. but debt and stimulus are the same. it just depends on which side of the check you're on. the 1.2 trillion every year in debt is basically a stimulus. so why is it so shock or why is it that to stop increasing debt that once you do the numbers go down? you know what it's like? you remember those old cars in the old days. you had stick shift. your battery was dead you pushed it to get it going. say you have to pay your buddies 20 bucks to get a push. if after 50 pushes it doesn't start maybe th
whatever that tax rate works. it can cover their expense, buy books, scene their kids to school, put food on the table. it doesn't matter where the tax was a generation ago or three years ago because we assimilate, we're a productive capitalist society that assimilates. it on lie matters where you are. love steve liesman's presentation. it's about government spending. what i find fascinating, what we have here is on one side debt. on the other side we have stimulus but not really. okay. boy the...
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Mar 21, 2013
03/13
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the president, congress, they decided to raise taxes on the wealthy, put through a payroll tax increase, entitlements. we've got two out of three going. we had the president and congress raising taxes on the wealthy. i don't think bernanke wants to be the fed of 1937 because the recession came back aggressively and it was only world war ii that made the hiring come back. he doesn't want to be the guy -- he'd rather be second-guessed by all the bears who come on and say he's got to tighten because my short positions aren't making any money. he's not responding to the people who are short. he's actually responding to the american people. old-fashioned kind of guy. >> in terms of the reaction in the markets after the ben bernanke news conference, was that surprising at all that, for whatever reason, for whatever he said, the markets managed to rise and actually reached the highs of the day afterwards? >> i think there were a lot of people who expected that he would put in some language that just says, we're not going to keep rates low indefinitely because we see real estate, affordability
the president, congress, they decided to raise taxes on the wealthy, put through a payroll tax increase, entitlements. we've got two out of three going. we had the president and congress raising taxes on the wealthy. i don't think bernanke wants to be the fed of 1937 because the recession came back aggressively and it was only world war ii that made the hiring come back. he doesn't want to be the guy -- he'd rather be second-guessed by all the bears who come on and say he's got to tighten...
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Apr 11, 2013
04/13
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com ♪ stand by your man ♪ >> well, bill ackman says he's standing by jcpenney. the investor telling women's wear daily he'll stand behind his investment. he holds almost 18% of penney's stock told wwd we're not going anywhere. in fact, we're going in the other direction. we're digging in. jim, we read this this morning. here's the article right here. >> does digging in mean double down? is he allowed to buy more? what is that? >> i wonder the exact same thing. i guess i would be somewhat surprised if he was doing that he's got 39.1 million shares. >> is that a full position? >> it is. it is a small position, david, relative to the size of the other investments in his portfolio. but what else is he going to do at this point? right? the stock -- the stock's down 45% from where he got in or thereabouts. he's got no
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com ♪ stand by your man ♪ >> well, bill ackman says he's standing by jcpenney. the investor telling women's wear daily he'll stand behind his investment. he holds almost 18% of penney's stock told wwd we're not...
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Jan 24, 2013
01/13
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obviously, a lot of investors still reeling from all the debate over a dividend tax, carried interest tax to what degree do you think those are going to be on the table as we try to work out some larger bargain? >> difficult to itemize or list what will be on the table. i will say, this the finance committee has worked for many months now to try to come to a consens consensus, early efforts just in this month, chairman baucus, talking to him yesterday, about this, reporting on where they are. so, i think there's a real sense of urgency now to get a consensus on tax reform, to have a simpler and fairer systems to deal with areas were there's consensus. believe it or not, despite all the fighting in washington, there's a great consensus that we need tax reform and i think there's a growing consensus about even the elements to it. >> well, tax reform, the question is the tax tape, do you thank you obama is shifting the debate now, that there is going to be far more taken in greater taxes for the wealthy and far less in spending cuts because that is the cret rick? >> difficult to predict.
obviously, a lot of investors still reeling from all the debate over a dividend tax, carried interest tax to what degree do you think those are going to be on the table as we try to work out some larger bargain? >> difficult to itemize or list what will be on the table. i will say, this the finance committee has worked for many months now to try to come to a consens consensus, early efforts just in this month, chairman baucus, talking to him yesterday, about this, reporting on where they...
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Oct 15, 2013
10/13
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the bill will delay the medical device tax that's part of obama care for two years. it's going to install income verification for some of the obama care subsidies so the government can check and see the people have the income level they say they have. and it will have language that will cancel health insurance for subsidies for members of congress and members of the presidential cabinet and the debt ceiling will be lifted until about february the 7th. that's the structure of the proposal the house republicans will move. that's very different from the deal being cobbled together on the senate side. now we have clashing house and senate here going into the final hours of this debt ceiling showdown. the question is which chamber will prevail here. republicans in the house seem not to be ready to give up at this point and accept a senate deal on its own terms. they're still pushing for more, guys. >> why would mcconnell float certainly that he didn't think boehner could deliver on on his side? why is that not happening? >> that's been one of the questions with the senate
the bill will delay the medical device tax that's part of obama care for two years. it's going to install income verification for some of the obama care subsidies so the government can check and see the people have the income level they say they have. and it will have language that will cancel health insurance for subsidies for members of congress and members of the presidential cabinet and the debt ceiling will be lifted until about february the 7th. that's the structure of the proposal the...
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Apr 15, 2013
04/13
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lots of taxes and different fees and they don't come in the form of taxes. if the ship gets into trouble overseas, is it fair that they have to pay for part of that rescue for reimbursement. the coast guard couldn't accept reimburse am t reimbursement the way it is structured. we are often picking up people and deviating our path in the ocean especially in the caribbean area, to pick up distressed mariners, people on boats and it's a cooperative arrangement that's been on a long time. this would have to be investigated and it would be a change from the way ing things are done. >> let me talk about what you came here to talk about which is a new generation of ships, the quant quantum. you were excited about this, and an unveiling tomorrow and we can't see the plans yet. why are they different? >> it really is in our company's dna. when we get a chance to make a new generation of ships when she comes in in a year and a half like oasis and allure of the seas two or three years ago. it's a chance to deliver new wow features to the marketplace that are really exc
lots of taxes and different fees and they don't come in the form of taxes. if the ship gets into trouble overseas, is it fair that they have to pay for part of that rescue for reimbursement. the coast guard couldn't accept reimburse am t reimbursement the way it is structured. we are often picking up people and deviating our path in the ocean especially in the caribbean area, to pick up distressed mariners, people on boats and it's a cooperative arrangement that's been on a long time. this...
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Oct 11, 2013
10/13
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jpmorgan, 9.2 billion, 7.2 billion is the litigation expense after taxes. they did have reserve releases of 1.6 billion. you've had for some time at jpmorgan reserve releases, which is coming in as a plus and they take that and put it in the litigation reserve. kind of evens itself out. now it's swamping the reserve releases. the question is is this it? when are they going to come from the settlement? they can just tell you that jamie dimon is saying lack of settlement a little bit because of a shutdown, reality is the shutdown is complex because of some multiple agencies. litigation costs will be elevated for the next year or two and will be lumpy. >> do you know the number, though? it's $23 billion. that's the number they gave for litigation reserves, 23 billion. >> which really highlights if you're an investor thinking about this stock right here and right now, you have two choices. do you focus on the fact that the underlining business continues to perform pretty well, right, or do you focus on the fact of the legal risk that continued the litigation, t
jpmorgan, 9.2 billion, 7.2 billion is the litigation expense after taxes. they did have reserve releases of 1.6 billion. you've had for some time at jpmorgan reserve releases, which is coming in as a plus and they take that and put it in the litigation reserve. kind of evens itself out. now it's swamping the reserve releases. the question is is this it? when are they going to come from the settlement? they can just tell you that jamie dimon is saying lack of settlement a little bit because of a...
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Apr 5, 2013
04/13
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com >>> big jobs number today showing an addition of 88,000 jobs last month, well below expectations and the biggest miss in about two years. the question is did you nail the number? this week we asked you to tweet us your predictions for nonparm payroll and if you're the lucky winner you'll receive an ipad case autographed by the squawk on the street gang. we have found a winner. >> really? and for someone to come in with an 88 they had to be thinking outlier to the down side. >> it had to be bernanke's assistant. >> that would be an interesting story. >> would that tell you everything? >> it's still going to be dr. krueger. >> no. that was a challenging interview. >> give them credit for coming on and getting them to be specific was tough. >> that's the question with anything, but the same answer. >> look, they're
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com >>> big jobs number today showing an addition of 88,000 jobs last month, well below expectations and the biggest miss in about two years. the question is did you nail the number? this week we asked you to tweet...
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Oct 30, 2013
10/13
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but when you do that, i want to take corporate taxes to zero. they're stop building plants in puerto rico, they'll stop building plants in ireland, they'll stop gaming the system through corporate welfare, which is done through the tax system, it simplify it is and we'll get growth. >> you recently came through the cross hairs of krugman. "he seems to feel me must warn about the looming threat of a financial crisis" t." the title was "addicted to the apocalyp apocalypse." >> why would i be wasting my time going around to these colleges if we were doomed? we are absolutely not doomed. there are solutions. there's a lien fuse on this thing and we can fix it. we are absolutely not doomed and that is not anywhere near my message. >> she's speaking here at the wall street conference right upstairs, which i'm moderating today. a lot of big ideas here on what the future looks like. >> it a good ticket. we'll take a quick break here. "squawk on the street" will be right back. farmers presents: fifteen seconds of smart. so you want to drive more safely?
but when you do that, i want to take corporate taxes to zero. they're stop building plants in puerto rico, they'll stop building plants in ireland, they'll stop gaming the system through corporate welfare, which is done through the tax system, it simplify it is and we'll get growth. >> you recently came through the cross hairs of krugman. "he seems to feel me must warn about the looming threat of a financial crisis" t." the title was "addicted to the apocalyp...
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Dec 23, 2013
12/13
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start a tax-free business at startup-ny.com. ♪ [ male announcer ] the parking lot helps by letting us know who's coming. the carts keep everyone on the right track. the power tools introduce themselves. all the bits and bulbs keep themselves stocked. and the doors even handle the checkout so we can work on that thing that's stuck in the thing. [ female announcer ] today, cisco is connecting the internet of everything. so everyone goes home happy. >>> happy holidays. welcome back. i'm sharon epperson at the nymex. take a look at gold. gold prices are right around the 1200 level. just below that, ma. we saw a six-month low for gold las week. the fed confirming it will be tapering its bond-buying program, an upward division of gdp for the third quarter. all of that is something that has put pressure on the gold market. we are looking at oil prices. brent crude is holding up a little bit better than the wti market. that has a lot to do with traders focusing on africa and southern sudan and concerns about what that will mean for oi
start a tax-free business at startup-ny.com. ♪ [ male announcer ] the parking lot helps by letting us know who's coming. the carts keep everyone on the right track. the power tools introduce themselves. all the bits and bulbs keep themselves stocked. and the doors even handle the checkout so we can work on that thing that's stuck in the thing. [ female announcer ] today, cisco is connecting the internet of everything. so everyone goes home happy. >>> happy holidays. welcome back. i'm...
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Mar 19, 2013
03/13
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it back and pay the taxes. that's an enormous issue for apple that's close to 70% of its cash overseas and it's not an easy answer for that today. and it could be $170 billion by the end of this year says the financial times this morning and what does it mean for the sector moving forward? so far it's disappointed many, many people. >> i guess the question is how do they put that cash to use? many of us would like to see greater buybacks and greater dividends and could there be more m and a coming which would be positive for the market. in the interim, stronger dividends and stronger buybacks is something that should help at least on the margin. >> let's just say, will, ceo tim cook picks up the phone and gives you a call and says hey, will, what do you think we should do with our cash? what would you tell him? >> i think they should increase the dividend moderately. they're generating $40 billion a year in free cash flow and that could be a 15 billion number and maybe even a $20 billion annual dividend. >> let
it back and pay the taxes. that's an enormous issue for apple that's close to 70% of its cash overseas and it's not an easy answer for that today. and it could be $170 billion by the end of this year says the financial times this morning and what does it mean for the sector moving forward? so far it's disappointed many, many people. >> i guess the question is how do they put that cash to use? many of us would like to see greater buybacks and greater dividends and could there be more m and...
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Feb 15, 2013
02/13
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. we create easy-to-use, powerful trading tools for all. look at these streaming charts! they're totally customizable and they let you visualize what might happen next. that's genius! we knew you needed a platform that could really help you elevate your trading. so we built it. chances of making this? it's a lot easier to find out if a trade is potentially profitable. just use our trade & probability calculator and there it is. for all the reasons you trade options - from income to risk management to diversification - you'll have the tools to get it done. strategies. chains. positions. we put 'em all on one screen! could we make placing a trade any easier? mmmm...could we? around here, o
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. we create easy-to-use, powerful trading tools for all. look at these streaming charts! they're totally customizable and they let you visualize what might happen next....
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Jun 4, 2013
06/13
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just taxes period. we don't cover every minor issue with taxes because you're not going get that fast-money trade and you're not going to change your strategy day to day, but david stockman said something that still surprised me. he thought, as a conservative, as maybe a libertarian that we ought to raise taxes and i was a bit shocked, but his answer was pretty intelligent. he thinks that the average person partakes in the meal and ought to get a meal at the time that they take, but if we shield some of the economy from actually a tight association between what things cost and how much they will have to pay eventually because pay eventualy because taxing the rich only takes you so far, we are just prolonging and making the ultimate decisions tougher. yesterday i had republican whip kevin mccarthy on. i like that he's tight with the house ways and means committee, whose chairman is mr. camp, who happens to be running the irs scandal. the house, ways and means committee has been working on a blank sheet o
just taxes period. we don't cover every minor issue with taxes because you're not going get that fast-money trade and you're not going to change your strategy day to day, but david stockman said something that still surprised me. he thought, as a conservative, as maybe a libertarian that we ought to raise taxes and i was a bit shocked, but his answer was pretty intelligent. he thinks that the average person partakes in the meal and ought to get a meal at the time that they take, but if we...
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Feb 21, 2013
02/13
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there's a lot of negatives in there the payroll tax, late tax refunds, referenced everything, the street was prepared for the worst. the stock trading up 1% now february sales started slower than planned due large part due to delay in income tax refunds. those are now coming n of course it was a problem but i think this is going to be rectified some what the dividend, 2.7%, walmart, right in the middle of the pack for the dow jones industrial average now. good news for them. finally, guys will they never learn? two congressmen are planning to introduce a financial transactions pack in the united states. don't you think they would know better? it was a loser in sweden, it drove business away from sweden, they had one in the 19850s, france just started it, elusive there. europe seriously considering, all the other countries, a terrible yesterday. tim harkin, peter defazio, both planning to introduce this, hope and plan that this will go nowhere. guys, back to you. >> bob, so right. speaking for our viewers, can i just say, really terrible, just terrible idea. let's shift to bonds and the d
there's a lot of negatives in there the payroll tax, late tax refunds, referenced everything, the street was prepared for the worst. the stock trading up 1% now february sales started slower than planned due large part due to delay in income tax refunds. those are now coming n of course it was a problem but i think this is going to be rectified some what the dividend, 2.7%, walmart, right in the middle of the pack for the dow jones industrial average now. good news for them. finally, guys will...
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Feb 13, 2013
02/13
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earn taxes on that? >> i lost money on the investment so in fact i lost money which i didn't have a great deal of income. >> okay. thank you. senator hatcher? >> thank you, mr. chairman. i appreciate it. following the financial crisis, many financial firms including citigroup have taken actions to improve their performance operations and responsibilities. my question is about citigroup to you mr. lew, related to the time you were there, and not to current citigroup operations. frankly, i do not believe that i have a good understanding -- >> we'll take a break here but of course the q&a getting quite interesting regarding jack lew's cayman islands investment and now his experience at citi. we'll get you headlines as they happen. lot more reaction to the q&a when "squawk on the street" comes back. transit fares! as in the 37 billion transit fares we help collect each year. no? oh, right. you're thinking of the 1.6 million daily customer care interactions xerox handles. or the 900 million health insurance c
earn taxes on that? >> i lost money on the investment so in fact i lost money which i didn't have a great deal of income. >> okay. thank you. senator hatcher? >> thank you, mr. chairman. i appreciate it. following the financial crisis, many financial firms including citigroup have taken actions to improve their performance operations and responsibilities. my question is about citigroup to you mr. lew, related to the time you were there, and not to current citigroup operations....
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Mar 14, 2013
03/13
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. (announcer) at scottrade, our cexactly how they want.t with scottrade's online banking, i get one view of my bank and brokerage accounts with one login... to easily move my money when i need to. plus, when i call my local scottrade office, i can talk to someone who knows how i trade. because i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade. awarded five-stars from smartmoney magazine. how did i know? well, i didn't really. see, i figured low testosterone would decrease my sex drive... but when i started losing energy and became moody... that's when i had an honest conversation with my doctor. we discussed all the symptoms... then he gave me some
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. (announcer) at scottrade, our cexactly how they want.t with scottrade's online banking, i get one view of my bank and brokerage accounts with one login... to easily...
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Oct 29, 2013
10/13
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i would just like to see, you know me, simon, i want pro-growth tax reform, particularly business tax reform, particularly the repatriation of over $1 trillion lodged overseas. >> that could change the game if it ever happens, larry. it's great seeing you. we'll see you tonight. >> thank you, thank you. >> "the kudlow report" at 7:00 p.m. eastern time here on cnbc. dow is up 43. let's go to dominic chew. >> shares of cummins has stalled out. they reported profits that fell short of estimates and cut full-year profit and sales outlook because of weaker demand, especially from the miners. meanwhile international sales fell by 4% because of weaker demand in places like europe and india, carl. back over to you. >> that one is hurting a lot. when we come back, apple ceo tim cook promising some new product categories next year on the company's conference call. is that enough for investors? what cook needs to be doing to lead apple in the right direction when we come right back. where others see fads... tdd#: 1-800-345-2550 ...you see opportunities. tdd#: 1-800-345-2550 at schwab, we're here
i would just like to see, you know me, simon, i want pro-growth tax reform, particularly business tax reform, particularly the repatriation of over $1 trillion lodged overseas. >> that could change the game if it ever happens, larry. it's great seeing you. we'll see you tonight. >> thank you, thank you. >> "the kudlow report" at 7:00 p.m. eastern time here on cnbc. dow is up 43. let's go to dominic chew. >> shares of cummins has stalled out. they reported...
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Oct 3, 2013
10/13
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the president wasn't very emphatic about tax revenue. they've accepted the near term spending levels from republicans. so if you get a back and forth on how to adjust the sequester, which people in both parties don't like, some of the cuts to defense and domestic programs, replace those with entitlement cuts, which both sides say are necessary, there's a zone of agreement but i don't think given the signals the president sent yesterday he is prepared to engage in that discussion until after they open the government, raise the debt ceiling. but could you have some sort of agreement on process, you know, a budget summit, a budget set of talks with a particular end point. those are ways it could get solved. and, you know, as you guys know, i've gone broke repeatedly being overoptimistic. i'm still optimistic that by the 17th they're going to raise the debt limit. >> let's see if the president indicates that's a possibility when he speaks in just a moment. john, stay with us in the meantime. let's also mark that we're in day three of the shu
the president wasn't very emphatic about tax revenue. they've accepted the near term spending levels from republicans. so if you get a back and forth on how to adjust the sequester, which people in both parties don't like, some of the cuts to defense and domestic programs, replace those with entitlement cuts, which both sides say are necessary, there's a zone of agreement but i don't think given the signals the president sent yesterday he is prepared to engage in that discussion until after...
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Jun 17, 2013
06/13
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there's leakage only taxes if you were to pursue something like that. in other words, cost base, how much actually you have to pay in capital gains. there's capital structure breakage, debt on different part of the business. you've got refinancing that adds cost. $175 million breakup fee. a shareholder vote, that's what it will come down to, 50.1% have to vote in favor of the deal. if you have to argue for national security concerns, we haven't seen an overbid from any other companies. so a lot of questions, although not much downside for starboard to say, hey, why not? think about this. here what happens jeff smith had to say earlier when interviewed on "squawk box." >> if from our standpoint the only way we believe you can get to a superior proposal here is if there's some way to piece together the buyers of the pieces. so, someone has to be able to stand out and say, hey, we own a large stake in the company, if you have interest in pieces of the business, contact us, and if we can put you together, if we can marry the components together and that col
there's leakage only taxes if you were to pursue something like that. in other words, cost base, how much actually you have to pay in capital gains. there's capital structure breakage, debt on different part of the business. you've got refinancing that adds cost. $175 million breakup fee. a shareholder vote, that's what it will come down to, 50.1% have to vote in favor of the deal. if you have to argue for national security concerns, we haven't seen an overbid from any other companies. so a lot...
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Aug 15, 2013
08/13
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consume rer -- these are taxes. these are de facto taxes on the people, gasoline, unemployment change. washington, this is what happened when you try to balance a budget. try and balance a budget? take the gdp out. that's what we're all -- >> trying to balance. >> trying to balance. >> you -- trying to do it in an ass backward way. am i allowed to say that? >> no. >> sorry. >> i'm going to -- >> at the half? that's a halftime language. >> listen, it's cable with a ticker. i've said that kind of stuff before. >> mike you up like we did like ray lewis in the baltimore days? we mike him up. you know how he talks? >> all right. >> sorry. >> in the end, in the end, the market comes down because of the reset. but cisco trades at 12 times earnings now. you think that that is not a better company than intel, mr. pc, microsoft, another pc company, oracle which is a company being v-- but john chambers takes it down. what do you want us to do, sell it and short it? >> ask this though. how the k. the bed get out of the way in m
consume rer -- these are taxes. these are de facto taxes on the people, gasoline, unemployment change. washington, this is what happened when you try to balance a budget. try and balance a budget? take the gdp out. that's what we're all -- >> trying to balance. >> trying to balance. >> you -- trying to do it in an ass backward way. am i allowed to say that? >> no. >> sorry. >> i'm going to -- >> at the half? that's a halftime language. >> listen,...
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Jul 1, 2013
07/13
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the gas tax is the highest in the country. we'll talk to a gas station owner about what that means for prices, drivers, and his bottom line when question come back in a moment. hey linda! what are you guys doing? having some fiber! with new phillips' fiber good gummies. they're fruity delicious! just two gummies have 4 grams of fiber! to help support regularity! i want some... [ woman ] hop on over! [ marge ] fiber the fun way, from phillips'. just by talking to a helmet. it grabbed the patient's record before we even picked him up. it found out the doctor we needed was at st. anne's. wiggle your toes. [ driver ] and it got his okay on treatment from miles away. it even pulled strings with the stoplights. my ambulance talks with smoke alarms and pilots and stadiums. but, of course, it's a good listener too. [ female announcer ] today cisco is connecting the internet of everything. so everything works like never before. with fidelity's options platform, we've completely integrated every step of the process, making it easier to
the gas tax is the highest in the country. we'll talk to a gas station owner about what that means for prices, drivers, and his bottom line when question come back in a moment. hey linda! what are you guys doing? having some fiber! with new phillips' fiber good gummies. they're fruity delicious! just two gummies have 4 grams of fiber! to help support regularity! i want some... [ woman ] hop on over! [ marge ] fiber the fun way, from phillips'. just by talking to a helmet. it grabbed the...
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Mar 5, 2013
03/13
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>> so, you know, when we talk about tax policy, changes in tax rates as was described over the debt limit, what's the first thing that we all ask ourselves and "the new york times" runs? what are the distributional consequences? will the rich be paying more? what about the middle class? shouldn't we be having that same discussion in the conduct of monetary policy? if you think about this monetary policy, if you've got the freedom, like ken and stan, to devote huge amounts of money into liquid assets, to play the risk game, you're going to be a huge beneficiary. so this is in some sense a policy where we also need to think about the distributional consequences. and this is in some sense a transfer to people that are rich. >> trickle-down economics. >> stan calls this trickle-down economic policy. others can see if it worked in fiscal. we'll see if it works here. it's also a transfer to those who are imprudent to those pro are prudent. >> don't wait so long next time. it's been unbelievable having you. a great hour. thank you. >> thanks, joe. thanks, becky. good to be here. >> andrew, we'll
>> so, you know, when we talk about tax policy, changes in tax rates as was described over the debt limit, what's the first thing that we all ask ourselves and "the new york times" runs? what are the distributional consequences? will the rich be paying more? what about the middle class? shouldn't we be having that same discussion in the conduct of monetary policy? if you think about this monetary policy, if you've got the freedom, like ken and stan, to devote huge amounts of...
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Dec 3, 2013
12/13
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you're not going to have that big tax loss fear. a lot of people saying i can find inexpensive tech, i don't need to go into the cloud. although apple is saying this is about ibm being wrong and apple being right. >> there has been an expectation of a china mobile deal. >> yes. >> unbeknownst to most people who hold the stock. that being said, 740 million china mobile subscribers, there is a fairly large audience they could conceivably be addressing to try to buy smartphones. >> do you remember the conference call that was the open rebellion against tim cook? it was withone of these things e i thought it was 1948 where stillwell had just lost china and now he's making a move. he did not lose china. >> we'll see. that fortune story has a lot of people talking about whether china mobile makes a big move in this direction, having not carried their phones till now. >> maybe samsung -- don't hear a lot about samsung having a revolutionary new phone. >> no, although they've got a lot of new patents, they're going to do the curve thing or
you're not going to have that big tax loss fear. a lot of people saying i can find inexpensive tech, i don't need to go into the cloud. although apple is saying this is about ibm being wrong and apple being right. >> there has been an expectation of a china mobile deal. >> yes. >> unbeknownst to most people who hold the stock. that being said, 740 million china mobile subscribers, there is a fairly large audience they could conceivably be addressing to try to buy smartphones....
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Feb 8, 2013
02/13
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the president said he's recognized the corporate taxes in america are too high. he said 28%. but recognizing the problem is the first step toward a solution. he also in december talked about the ability and the need to kind of deal with this taxation of these foreign earnings. we have more than $2 trillion trapped offshore. would love to have all that money right back home. we're the only nation in the world who says, you bring it home, we're going to add to your tax bill. the solution is what you've described, a flatter tax, a broader base, if you will, with a much lower rate and a competitive modernized structure. we haven't touched our code on the business side -- >> governor. i'm out of time. i'm coming up on a hard wrap. next time i have you back, i want to concentrate on two or three very easy recommendations you can have to get us down that tax reform path. thanks for being our guest today. have a great weekend. >> ready to come back. >> always love having the governor. thanks, guys. >>> let's bring in bob pisani who says despite -- volume's not the issue today, right?
the president said he's recognized the corporate taxes in america are too high. he said 28%. but recognizing the problem is the first step toward a solution. he also in december talked about the ability and the need to kind of deal with this taxation of these foreign earnings. we have more than $2 trillion trapped offshore. would love to have all that money right back home. we're the only nation in the world who says, you bring it home, we're going to add to your tax bill. the solution is what...
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Dec 17, 2013
12/13
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mean $700 million in extra tax money. but that's a big assumption. washington wants to phase out untaxed medical marijuana dispensaries, get all pot on a tax and regulated system, but they'll trigger a lottery and some dispensary owners have no priority over newcomers. >> i'll try to apply for multiple license through friends and family members and get my odds to go up. >> yeah, everybody is gaming the system. how did rand -- i think of them as the bland corporation from dr. strangelove -- using federal data, coming up with the numbers, and guess what percentage of washington state's adult population uses marijuana on a monthly basis? what percentage -- >> that's a dangerous thing to guess. >> just guess. >> 20%. >> 20%. >> no. it's only a little over 10%. an estimated 556,000 people out of 5.3 million people. >> those are stunning numbers. >> still no small number. >> always good seeing you. >> thank you. >> our jane wells here at post 9. >>> let's get back to headquarters and scott wapner and "halftime." >> guys, thank
mean $700 million in extra tax money. but that's a big assumption. washington wants to phase out untaxed medical marijuana dispensaries, get all pot on a tax and regulated system, but they'll trigger a lottery and some dispensary owners have no priority over newcomers. >> i'll try to apply for multiple license through friends and family members and get my odds to go up. >> yeah, everybody is gaming the system. how did rand -- i think of them as the bland corporation from dr....
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Oct 8, 2013
10/13
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but the president and senator reid wanted to protect that tax. so we asked to sit down and talk and they said no. in a divided government, the american people expect us to work together. whether it's on the government's funding or the debt limit, people expect to have negotiations when there are two differing sides. in 1995 both sides sat down together on the same type of circumstances and they ended up balancing the budget and in 2011 as the speaker just said, we all sat down together and now we'll have two consecutive years of reduced spending as a result. never negotiating a position of not negotiating is not a sustainable option. and we ask this president and harry reid to sit down and let's iron out our differences. >> you're going to hear a similar tone from everybody that's up here because it's very simple. get into a room and solve our problems. the president made a decision not to go to asia. we stayed in washington, a perfect opportunity to communicate with one another. another weekend missed. another opportunity missed. i don't want an
but the president and senator reid wanted to protect that tax. so we asked to sit down and talk and they said no. in a divided government, the american people expect us to work together. whether it's on the government's funding or the debt limit, people expect to have negotiations when there are two differing sides. in 1995 both sides sat down together on the same type of circumstances and they ended up balancing the budget and in 2011 as the speaker just said, we all sat down together and now...
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Nov 14, 2013
11/13
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they're tax deductible. when you can do that, borrow money, buy back stock, generate all this free cash flow to begin with, why not. that's been the key story. >> maybe they're going to be in there buying as soon as they can again because they support the stock en stock endlessly. i don't want to ever say it's illegitimate. this is not done with no volume, all right? but a lot of the purists are saying enough is enough but the purists are not in charge. they're just not in charge. the growth guys who believe are in charge. >> that hasn't stopped some viewers on twitter suggesting that those opera singers, that was the fat lady singing. >> oh, i like that. i like that reference, man. >> i wish i'd come up with that one. >> the bell does go off, the fat lady does sing. hey, hey, good-bye. >> they rang a bell and they had a fat lady. >> bob pisani's on the floor. >> good morning, guys. most of the time market rumors that try to move the mark, most of the time they're wrong. yesterday in the middle of the day as
they're tax deductible. when you can do that, borrow money, buy back stock, generate all this free cash flow to begin with, why not. that's been the key story. >> maybe they're going to be in there buying as soon as they can again because they support the stock en stock endlessly. i don't want to ever say it's illegitimate. this is not done with no volume, all right? but a lot of the purists are saying enough is enough but the purists are not in charge. they're just not in charge. the...
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May 15, 2013
05/13
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that implies a certain level of after-tax cash flow, net operating after tax. you look at the cash flow, you add the cash per share that the company has and you take out the debt and you take out option liabilities and you take out deferred tax liabilities and you get to sort of a net equity value per share that equals the $295 for 75% return on invested capital or 250% on invested capital. >> you are doing a discounted cash flow valuation? >> it's essentially discounted cash flow valuation. it's a perpetuity value on the implied note pad. it's detailed on the article on my blog. i show my model and it's totally transparent and my goal is to further the knowledge of investor so they can make a more informed decision and everything about this analysis is transparent and you can see it on the blog. >> i just wanted to understand the basics of it. thank you. >> neither you or the firm are long or short the shares? >> that's correct. i know you say you don't want to have to bet on whether or not they roll out revolutionary products, but you will admit there's risk
that implies a certain level of after-tax cash flow, net operating after tax. you look at the cash flow, you add the cash per share that the company has and you take out the debt and you take out option liabilities and you take out deferred tax liabilities and you get to sort of a net equity value per share that equals the $295 for 75% return on invested capital or 250% on invested capital. >> you are doing a discounted cash flow valuation? >> it's essentially discounted cash flow...
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Jan 3, 2013
01/13
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rates and reduced tax benefits. well, i don't know, but the deal looked to me like adjusted gross income of $400,000 on individuals and $450,000 agi on couples. now, does it end there? let's look a little bit further down. it says the agreement doesn't cut social security benefits, medicare or medicaid. that's because the president stood strong against reducing the deficit on the backs of seniors, students, poor and working families. in order to remain strong, they need to fix it! is that something to brag about? and the last thing is, today we had the adb report. it was much better than expected. i contacted adp and said what about seasonable highing? they said there is a seasonal adjustment for that and a seasonal adjustment when it works its way out so that will cushion the effects. i don't know if it will or won't but it doesn't surprise me that this read was stronger than expected. back to you. >> thank you, rick santelli. >>> keep tweeting today. starbucks will start selling a reusable plastic cup that resembl
rates and reduced tax benefits. well, i don't know, but the deal looked to me like adjusted gross income of $400,000 on individuals and $450,000 agi on couples. now, does it end there? let's look a little bit further down. it says the agreement doesn't cut social security benefits, medicare or medicaid. that's because the president stood strong against reducing the deficit on the backs of seniors, students, poor and working families. in order to remain strong, they need to fix it! is that...
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Oct 14, 2013
10/13
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the european tax fuel consumption significantly. in the united states, we don't have it. over time, there has been a consensus among columnists about introducing a carbon tax and reducing the consumption of carbon fuels across the boar. we have not done it in the united states. the more they can do on the demand side. >> you mentioned china earlier. i see where it ranks here. it is rapidly becoming the biggest buyer of oil from the mideast as we start to produce more and more here. what about the reliance on resources for china? you mentioned earlier, you seemed to put in question as to whether they can continue to grow or grow at 7.5% or like that. what insights can you share with us? >> the chinese growth has been capital intensive and resource intensive. they are realizing the growth model is unbalanced and sustainable and coordinated. their plan is to move away from fixed investment. my fear is that the seven members of the committee, some of them are proreform. others are favoring state enterprises and government and state sector, the pla and the adjustment. they are
the european tax fuel consumption significantly. in the united states, we don't have it. over time, there has been a consensus among columnists about introducing a carbon tax and reducing the consumption of carbon fuels across the boar. we have not done it in the united states. the more they can do on the demand side. >> you mentioned china earlier. i see where it ranks here. it is rapidly becoming the biggest buyer of oil from the mideast as we start to produce more and more here. what...
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Apr 17, 2013
04/13
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. >>> you're watching cnbc "squawk on the street" live from the financial capital of the world. the opening bell, and the earnings have been checkered. europe, though, has had a dramatic morning especially the dax. >> look, europe is -- if they're not going do anything to
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together...
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Oct 4, 2013
10/13
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>> i said this, bill is wrong about raising taxes. it's the highest taxes in the country. quite honestly, the taxes will raise less than 1% of the entire city budget. when i was budget director for rudy giuliani, i used to find 4%, 5% savings, finding efficiencies, doing more with the dollars given and create efficiencies. i gave mayor giuliani, a time to influence programs. es that's not being done in the city government now. any money coming in is being used to spend it. we need to put the spending of the budget of new york on a diet. i did it as budget director. i'll do it again. >> you're preaching to the choir here on wall street basically. a lot of people around here are going to sigh that souay that s. but the race is not going to be won here. it's going to be won in brooklyn and queens. you're massively behind with blacks, latinos, women. forever you'll be the guy that raised public transport fares at the mta. that's what they talk about on the phone interviews. how do you reach out to blacks, latinos or whites. the hotels are brimming at 85% okay pa occupancy. >>
>> i said this, bill is wrong about raising taxes. it's the highest taxes in the country. quite honestly, the taxes will raise less than 1% of the entire city budget. when i was budget director for rudy giuliani, i used to find 4%, 5% savings, finding efficiencies, doing more with the dollars given and create efficiencies. i gave mayor giuliani, a time to influence programs. es that's not being done in the city government now. any money coming in is being used to spend it. we need to put...
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Oct 22, 2013
10/13
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take business tax reform. there's a lot of agreement on how we can reform our business tax code. why can't we have a grand bargain on jobs that does that to create more jobs. those are the types of things that we can really be working together at a time like this and that's what the president is trying to figure out, you know, how to urge congress to do. >> jason, look, i got an idea, you don't even have to answer it. i have a lot of ceos on from texas, from oklahoma, from colorado, people from north dakota. they need workers. what would happen if you just tried to help workers to get there? just an idea. they need workers because they don't have enough people to be involved with -- i'm going to use a curse word, it's called fossil fuels. what would happen if washington addressed this idea of the mismatch between not enough people and too many jobs? >> there's no question that you've actually seen a decline in some of the measures of econ we'd like more of that. when it comes to energy, certainly the president has been right out in front with an all of the above strategy and that
take business tax reform. there's a lot of agreement on how we can reform our business tax code. why can't we have a grand bargain on jobs that does that to create more jobs. those are the types of things that we can really be working together at a time like this and that's what the president is trying to figure out, you know, how to urge congress to do. >> jason, look, i got an idea, you don't even have to answer it. i have a lot of ceos on from texas, from oklahoma, from colorado,...
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May 6, 2013
05/13
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tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. >>> xwoogle glass, one editor took it for a test run, liter literal literally. tim stevens is the editor in chief of gadget. he's taken it on the road, on the airport. he talked about how it works if you already wear glasses. tim, it's great to have you. you've written it up. you said in some respects it's both beautiful and elegant. what do you mean? >> it is. i mean, the design overall is nice and simple with this band that runs around the front. in some regards it's simple and elegant, but on other hands it's complicated and clunky. there's a module mahanging off the right side. i'm wearing it now and you can see my coming with this giant thing. >> you say over time, they don't actually sit evenly on your face. >> right. so there's a lot of weight on
tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. >>> xwoogle glass, one editor took it for a test run, liter literal literally. tim stevens is the editor in chief of gadget. he's taken it on the road, on the airport. he...
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Feb 4, 2013
02/13
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tax code. retailers and brands alike have more than doubled in value since its initial public offering. a strong distribution strategy and solid brand perception among domestic and international consumers. that's all part of the equation that's head to success for michael kors. private equity firm kelwood, sources say the firm has been considering an ipo since the fall. and now that that lawsuit has been settled, some speculate an ipo may not be far off. that will be a big one, garnering lots of attention if and when it does happen. simon? >> it is going to be a fascinating year. courtney, thank you very much. subjective apple, did you read over the weekend that the amount of market cap that apple has lost since september the 21st is 35 times the current value of blackberry. that's the scale of the value that has been destroyed in apple. take a look at where the dow is trading at the moment. we are now moving back downward, 117 points. having lost 14,000 at the open. after the break, we're goin
tax code. retailers and brands alike have more than doubled in value since its initial public offering. a strong distribution strategy and solid brand perception among domestic and international consumers. that's all part of the equation that's head to success for michael kors. private equity firm kelwood, sources say the firm has been considering an ipo since the fall. and now that that lawsuit has been settled, some speculate an ipo may not be far off. that will be a big one, garnering lots...
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Nov 25, 2013
11/13
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they can be nonresident for income tax purposes. most of the local taxation is on income tax. >> not only that. there is a whole thing now going on in hong kong where they are trying to reduce their inflated pricing. they are putting all these taxes on new purchases which is further pushing them to us, thank you, hong kong. >> when they buy something, do they gut it or are they willing to live in it? >> no, no, they are generally smart about it. if it is really nice, as most buildings are affordably nice, they are willing to live in it the way it is. versus the new york buyer. new york buyers are gutting pristine apartments. it is a very different thing. >> i keep getting hand written letters saying i have a buyer for anything going in your building. what is happening with supply? is there just literally no supply now? >> there is not enough supply. there is supply. there is new supply. you don't see it on the market. it is not publicly listed. >> because it is so high-end. >> exactly. there is supply. not enough. we would rather gi
they can be nonresident for income tax purposes. most of the local taxation is on income tax. >> not only that. there is a whole thing now going on in hong kong where they are trying to reduce their inflated pricing. they are putting all these taxes on new purchases which is further pushing them to us, thank you, hong kong. >> when they buy something, do they gut it or are they willing to live in it? >> no, no, they are generally smart about it. if it is really nice, as most...
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Dec 24, 2013
12/13
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. >> tax it at 15%, andrew? can we do that, please? >> it wouldn't hurt. it wouldn't hurt. >> for the holidays. a little stocking stuffer. >> and i'd like to see some sort of regulatory reform to spur growth. >> thank you. merry christmas to you and you and you and you everybody. >> and to all the viewers have a great christmas, enjoy your time off and make sure you join us on thursday. "squawk on the street" begins right now. ♪ ♪ >>> good tuesday morning. merry christmas eve. welcome to "squawk on the street." i'm carl quintanilla with simon hobbs and kayla tausche at the new york stock exchange. cramer and david are off today. a slew of durables, a very night beat today. bond market closes at 2:00 p.m. eastern time. and in europe some markets have already closed early. the nikkei did hit 15,000 briefly for the first time in six years. our road map begins with holiday cheer for the market. it might sound like a broken record but once again stocks set to open at fresh highs. >> today is another important day for retail. some stores are staying open for
. >> tax it at 15%, andrew? can we do that, please? >> it wouldn't hurt. it wouldn't hurt. >> for the holidays. a little stocking stuffer. >> and i'd like to see some sort of regulatory reform to spur growth. >> thank you. merry christmas to you and you and you and you everybody. >> and to all the viewers have a great christmas, enjoy your time off and make sure you join us on thursday. "squawk on the street" begins right now. ♪ ♪ >>>...
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Nov 5, 2013
11/13
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so if we raise taxes, that would mean raising taxes on the average american by about 20%. over the long term, when these entitlements really kick in, we're talking about raising taxes on the average american by something, like, 50%. so unless we get spending under control, we're going to have a very different world in the not-too-distant future. >> do you think -- and we're almost out of time -- that we are going to have another repeat in january of what we just went through in october? >> well, i hope not. and what i would like to see is, again, not so much a debate over the debt ceiling, but rather a debate over spending. that's the cause. that's the problem. we should be doing that right now, and we should be getting control of our budget before we get to the situation that we faced a few weeks ago. that was a terrible situation, obviously. it ended sort of well for a short period of time. but that's not the way to handle things. we need to get the spending under control. that's the only way to do it. >> ed lazear, thank you for taking the time. sounds like a sensible s
so if we raise taxes, that would mean raising taxes on the average american by about 20%. over the long term, when these entitlements really kick in, we're talking about raising taxes on the average american by something, like, 50%. so unless we get spending under control, we're going to have a very different world in the not-too-distant future. >> do you think -- and we're almost out of time -- that we are going to have another repeat in january of what we just went through in october?...
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Nov 29, 2013
11/13
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and those retailers ought to be paying sales tax. everyone ought to be required to collect and remit that to the state. we can't arbitrarily decide if you're head yes don't thi. >> we'll see if the house takes it up again. >> thank thanksgiving. >> you, too. of the national retail federation. thank you. >> deep discounts, combative crowds, pushy shoppers. in case you haven't seen it, it's black friday. this was posted on youtube by a shopper. if you could create a hash tag that captures all of the black friday madness, what would it be? tweet us. >> well, they may be hard to find in stores but they are on ebay and the prices are high. we'll find out just how much they are going for. you get your hair cut here. you find that certain thing you were looking for here, but actually you get so much more. when you shop at these small local businesses, you support all the things that make your community great. the money you spend here, stays here. in this place you call your neighborhood. tomorrow is small business saturday. get out and shop
and those retailers ought to be paying sales tax. everyone ought to be required to collect and remit that to the state. we can't arbitrarily decide if you're head yes don't thi. >> we'll see if the house takes it up again. >> thank thanksgiving. >> you, too. of the national retail federation. thank you. >> deep discounts, combative crowds, pushy shoppers. in case you haven't seen it, it's black friday. this was posted on youtube by a shopper. if you could create a hash...
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Sep 26, 2013
09/13
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and you shouldn't tax affect the entire stake in alibaba. >> they have american-like financials. yes, yahoo! goes higher because people are saying they're going to figure out a way to montage this without a big tax hike. >> it is alibaba, not ne necessarily the core business people are feeling better about? >> this marissa meyer has figured out the way to unlock the values and the last ceos didn't. >> part of that is having some board stability, which is not of her making necessarily. >> huewlett packard does not hae that. >> bed bath is also harmon, okay, by baby. and bed bath when you go, there the big rap against them is they're going to be destroyed by amazon. the company is very tight lipped. they never addressed the amazon issue but amazon did not destroy bed bath and many of the analysts were shameless about this, in terms of downgrading this in the 60s. i saw this happen. my charitable trust owned the stock, said i can't take the downgrades. i would be wearing the bby post-it from here all the way to mid town. >> but then you're taking it off after 51st street, right? >>
and you shouldn't tax affect the entire stake in alibaba. >> they have american-like financials. yes, yahoo! goes higher because people are saying they're going to figure out a way to montage this without a big tax hike. >> it is alibaba, not ne necessarily the core business people are feeling better about? >> this marissa meyer has figured out the way to unlock the values and the last ceos didn't. >> part of that is having some board stability, which is not of her...
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Dec 4, 2013
12/13
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funny, we walked into december saying it's the best time of the year, why would you want to pay the tax year? >> there's a lot of people positioning themselves for a big number on friday in the nonfarm payroll. they say why not teak profits. alternatively there's a vacuum of information and people say i got a great year. i'm concerned only that when you get to 3 there will be another wave of selling and that may be when you buy. that wave of selling. not this wave. >> do a little picking. always good to pick. >> we did come into this week giving all the reasons why there were very few reasons to sell. >> and that was bad. i fell into that complacency. by the way, there is one place where we saw -- i want to point out i like oil here. you have opec saying all the right things, you have no real cutbacks. you have this glut finally ending because you finally got the selling keystone part out of curbing. that is very good for the domestic oil companies and not so good for the refiners. >> the biggest losers this morning, valero -- >> a lot of people said goi goto get into refineries, i got
funny, we walked into december saying it's the best time of the year, why would you want to pay the tax year? >> there's a lot of people positioning themselves for a big number on friday in the nonfarm payroll. they say why not teak profits. alternatively there's a vacuum of information and people say i got a great year. i'm concerned only that when you get to 3 there will be another wave of selling and that may be when you buy. that wave of selling. not this wave. >> do a little...